Brief: Stadium Capital Management Issues Letter To Sleep Number Shareholders Regarding The Need For A Reconstituted Board And Independent CEO Search

Sleep Number

25/11/2024 13:24

Nov 25 (Reuters) - Sleep Number Corp  SNBR.O :
    * STADIUM CAPITAL MANAGEMENT ISSUES LETTER TO SLEEP NUMBER
SHAREHOLDERS REGARDING THE NEED FOR A RECONSTITUTED BOARD AND
INDEPENDENT CEO SEARCH
    * STADIUM CAPITAL MANAGEMENT: INTENDS TO NOMINATE DIRECTORS
SHOULD
STADIUM SLEEP NUMBER BOARD REMAIN UNWILLING TO WORK WITH STADIUM
CAPITAL
    * STADIUM CAPITAL: CALLS ON SLEEP NUMBER TO COLLABORATE WITH
LARGEST SHAREHOLDER TO ADD DIRECTORS, APPOINT EXEC CHAIRMAN,
ENSURE INDEPENDENT CEO SEARCH
    * STADIUM CAPITAL: OWNING APPROXIMATELY 11.7% OF SLEEP
NUMBER'S
OUTSTANDING SHARES
    * STADIUM CAPITAL: AS WITH MOST OF OUR SUGGESTIONS, SLEEP
NUMBER
BOARD SUMMARILY REJECTED OUR PROPOSALS

Source text:  ID:nBwcclpDMa 
Further company coverage:  SNBR.O 

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